Market revisits lows
3/17/23 3:05 PM ET (Briefing.com)Print
The market revisited this morning's lows in the last half hour. The Wall Street Journal's Nick Timiraos, in a CNBC interview, said the Fed's decision on a 25 basis point rate hike or no change will depend on what happens with markets and financial stability risk over the next few days.Energy complex futures settled the session lower amid ongoing growth worries, which would translate to slower demand. WTI crude oil futures fell 1.6% to $66.87/bbl and natural gas futures fell 6.1% to $2.46/mmbtu. Separately, the CBOE Volatility Index continues to climb, up 12.1% or 2.77 to 25.76.